LatinNews Daily - 08 August 2022

In brief: Honduras’s annual inflation continues to rise

*Honduras’s central bank (BCH) has released new figures which show that annual inflation in July was 10.86%, up from 10.22% in June. However monthly inflation in July was 0.89%, down from 1.32% in June. In monthly terms BCH noted a deceleration of inflation “in the majority of regions in the country, in comparison with the previous month”. The only exception is the west which reported an increase with monthly inflation of 1.44% in July compared with 1.08% in June, according to the tweet. International credit ratings agency Standard & Poor’s (S&P) last month forecast that average annual inflation is projected to come in at 12% in 2022, well beyond the official target of 4% +/-1 percentage point. It expects inflation to return to within the official target range in 2024.

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